FREE Simplified Reading Comprehension Worksheets - Free Printable

Problem Analysis:

The problem involves Mr. Nguyen, who needs to withdraw cash from his checking account to buy T-shirts and pillows at a swap meet. The sellers at the swap meet only accept cash, so he cannot use credit cards, debit cards, or checks. After shopping, Mr. Nguyen plans to use his debit card for dinner at Tony's Steak House.

#### Key Points:
1. Current Situation:
- It is Saturday morning.
- Mr. Nguyen is at the bank.
- He has $50 in his checking account.
- He needs cash for the swap meet because the sellers there only accept cash.

2. Shopping Requirements:
- Mr. Nguyen needs to buy T-shirts and pillows.
- The swap meet sellers do not accept credit cards, debit cards, or checks; they only accept cash.

3. Post-Shopping Plan:
- After the swap meet, Mr. Nguyen will go to Tony's Steak House.
- He plans to use his debit card for payment at the steak house.

4. Financial Constraint:
- Mr. Nguyen currently has $50 in his checking account.
- He must decide how much cash to withdraw for the swap meet while ensuring he has enough funds left for other expenses (e.g., potential overdraft fees or future transactions).

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Solution Approach:

To solve this problem, we need to determine how much cash Mr. Nguyen should withdraw from his checking account. Here are the steps:

#### Step 1: Understand the Cash Requirement
- Mr. Nguyen needs cash for the swap meet because the sellers there only accept cash.
- Since the exact amount needed for T-shirts and pillows is not specified, we assume he will withdraw all available cash ($50) to ensure he has enough for his purchases.

#### Step 2: Consider Future Expenses
- After the swap meet, Mr. Nguyen plans to use his debit card for dinner at Tony's Steak House.
- Using a debit card means he does not need additional cash for this expense.
- However, he must ensure that withdrawing $50 does not leave him with insufficient funds in his checking account for any overdraft fees or other transactions.

#### Step 3: Withdraw the Available Cash
- Mr. Nguyen currently has $50 in his checking account.
- Since he needs cash for the swap meet and can use his debit card for dinner, it is logical for him to withdraw the entire $50.

#### Step 4: Verify the Plan
- Withdrawing $50 leaves his checking account balance at $0.
- This is acceptable because:
- He has no immediate need for additional cash after the swap meet.
- He can use his debit card for dinner at Tony's Steak House.
- There are no overdraft fees mentioned, so withdrawing the full amount is safe.

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Final Answer:

Mr. Nguyen should withdraw $50 from his checking account.

Boxed Answer:
$$
\boxed{50}
$$

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Explanation:

By withdrawing the full $50, Mr. Nguyen ensures he has enough cash for the swap meet, where only cash is accepted. Afterward, he can use his debit card for dinner at Tony's Steak House, as planned. This approach maximizes his available funds while meeting the requirements of the task.